Wednesday, April 1, 2009

IYT daily chart - Don't fall in love with the downside

IYT amongst many other ETF's isn't rolling over like it normally does. And it is accompanied by some extremely large volume.

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Mar 17 - Long $QQQ

Got into decent size position of $QQQ 175 calls @ .22 expiring Fri and smaller $amzn and $nflx.  Still in $shak and sold off $rig for only 5...